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The Tanzania Mining Commission has released the indicative mineral prices for June 4, 2026, reflecting continued strength in global commodity markets, particularly for gold, as well as steady pricing for silver and copper.
The updated rates are used as a benchmark for mineral trading, including transactions at buying centres and within the domestic mineral market.
According to the official bulletin, gold remains the country’s most valuable mineral, with the world market price recorded at USD 4,486.50 per troy ounce.
In Tanzanian shillings, this translates to TZS 377,823.20 per gram on the world market. The mineral market price has been set at TZS 340,040.88 per gram, while the buying centre price stands at TZS 332,444.42 per gram.
The Commission noted that the difference between world market prices and local buying centre rates reflects deductions associated with processing costs, handling, taxation frameworks, and market stabilization mechanisms designed to support both miners and the national economy.
Silver prices also remain stable in the global market, with the world market price recorded at USD 74.35 per troy ounce.
In local currency terms, this is equivalent to TZS 6,261.26 per gram. The mineral market price has been set at TZS 5,635.14 per gram, while buying centres are offering TZS 5,509.91 per gram.
Copper, which is widely used in industrial manufacturing and electrical infrastructure, is priced at USD 6.47 per pound on the world market.
Converted into local units, this equals TZS 37.36 per gram. The mineral market price is set at TZS 33.63 per gram, while the buying centre price stands at TZS 32.88 per gram.
The Mining Commission emphasized that the indicative prices are essential for ensuring transparency in mineral trading and protecting both miners and licensed buyers from price manipulation.
The benchmarks are also used to guide taxation, royalty calculations, and formal trading within the mineral value chain.
Market observers note that the high global gold price continues to be driven by strong investor demand, economic uncertainties in major economies, and sustained central bank purchases worldwide.
Silver and copper, meanwhile, remain influenced by industrial demand, particularly in renewable energy systems, electronics, and infrastructure development.
The Commission has urged miners and traders to adhere strictly to official pricing structures and conduct all transactions through authorized buying centres to ensure compliance with national mining regulations.
The latest price release is expected to guide trading activities across mining regions in Tanzania, supporting a more structured and transparent mineral market while aligning domestic prices with global market movements.
